Chinese language AI startup Zhipu introduced as we speak that it has raised over RMB 1 billion ($140 million) in a brand new strategic funding spherical. Buyers embrace Hangzhou government-backed corporations, with the funds geared toward advancing Zhipu’s domestically developed GLM basis mannequin and increasing its AI ecosystem.

The most recent spherical of funding in Zhipu comes lower than three months after the corporate secured RMB 3 billion ($41.1 million) in funding on Dec. 17, 2024. It additionally marks the primary funding spherical this 12 months amongst China’s so-called “six AI tigers,” a gaggle of rising large-model startups.

Hangzhou Metropolis Funding Trade Fund, one of many buyers, was established on June 30, 2023, with a registered capital of RMB 10 billion ($1.37 billion). As an industrial funding fund beneath Hangzhou Metropolis Funding, it focuses on selling industrial progress and concrete growth by means of capital funding. The funding displays Hangzhou’s deepening dedication to AI, aligning with town’s not too long ago launched 2025-2026 Future Trade Improvement Motion Plan, which outlines its strategic objectives for the sector. [Zhipu WeChat account, in Chinese] 

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